Inland Private Capital Corporation
Unclaimed67/100 · Mixed evidence
Public-record listing · US (via broker-dealers) · https://www.inland-privatecapital.com
Unclaimed listing. This firm has not registered or claimed this page. Everything here comes from public records and the firm’s own public website, as of 2026-10-15.
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What they do
Long-running DST sponsor in the Inland group. Dealer-manager Inland Securities Corp. has a 2014 FINRA AWC (supervisory procedures on due diligence for affiliated private placements; censure + $40,000), outside the 10-year lookback. Plaintiff-firm 'investigations' and a reported Oct. 2026 FINRA claim against a selling broker concern Inland DSTs.
Public-record summary. Category: 1031 / DST sponsor (S12). Fees: In PPMs (not public); REIT fees in S-11 prospectus.
Strategies offered
- Like-Kind Exchanges Public record source
Evidence score
67/100 · Mixed evidence63 of 94 applicable points = 67. Rubric v1.1 (2026-10-17). Retrieved 2026-10-15.
22 points are pending because the item could not be checked from public records. If every pending item were verified, the score could reach up to 90 (limited by caps or by items that don't apply). How this is calculated.
| Category | Points | |
|---|---|---|
| Regulatory record (weight 25) | 23 / 25 | |
| Tax-controversy record (weight 20) | 20 / 20 | |
| Litigation & complaints (weight 15) | 11 / 15 | |
| Transparency (weight 15) | 4 / 15 | |
| Substance & verifiability (weight 15) | 5 / 11 | |
| Structure quality (weight 10) | 0 / 8 |
Red flags
No red flags (RF1-RF13) were triggered by the public evidence reviewed.
Evidence by item
Each line shows the points awarded, how it was checked and a source link where one exists.
Regulatory record · 23 / 25
| Item | Points | Status | Evidence |
|---|---|---|---|
| R1 Registration status verified for firm and soliciting individuals where required (BD/IA/state; insurance producer if relevant) | 5 / 5 | VERIFIED | Dealer-manager Inland Securities Corporation (CRD 15807) active FINRA member, 53 state registrations; FINRA AWC text describes it as exclusive dealer-manager/placement agent for affiliated offerings. source |
| R2 No SEC/FINRA disciplinary events for the firm (10-yr lookback) | 8 / 8 | VERIFIED | Inland Securities Corp: 2014 FINRA AWC (No. 2013036319701; censure, $40,000; supervisory procedures for due diligence/statements in affiliated private placements & non-traded REITs) and a 1993 NJ net-capital consent ($500). Both outside the 10-yr lookback, so 8 by rule; reviewer should note the 2014 subject matter is directly relevant. source |
| R3 No disciplinary events for principals/control persons (10-yr lookback) | 6 / 6 | VERIFIED (nothing found) | a principal (CRD 4763153): no disclosures. Other principals not reviewed. source |
| R4 No state securities-regulator or state AG actions against firm/principals | 4 / 4 | VERIFIED (nothing found) | No state order found by web search. Not exhaustive. |
| R5 Named licensed professionals (CPA/attorney/EA) in good standing | 0 / 2 | UNVERIFIED | Licensed-professional good standing needs state CPA board / bar lookups for named individuals; not performed in this initial review. |
Tax-controversy record · 20 / 20
| Item | Points | Status | Evidence |
|---|---|---|---|
| T1 Strategy is not a listed transaction / transaction of interest and not a current Dirty Dozen theme | 8 / 8 | VERIFIED | Sec. 1031 into DSTs not listed; not a 2026 Dirty Dozen theme. source |
| T2 No DOJ Tax Division injunctions / IRC ยงยง6700, 6701 promoter cases against firm or principals | 6 / 6 | VERIFIED (nothing found) | No DOJ promoter case found. source |
| T3 No adverse Tax Court / appellate opinions involving the sponsor's prior deals | 4 / 4 | VERIFIED (nothing found) | No relevant Tax Court opinions found (one Del. Chancery hit unrelated). source |
| T4 Provides clear reportable-transaction disclosure guidance (Form 8886/8918) where applicable | 2 / 2 | VERIFIED | Strategy is not a listed transaction/TOI, so Form 8886/8918 guidance is N/A-justified (rubric: 2 = clear or N/A-justified). source |
Litigation & complaints · 11 / 15
| Item | Points | Status | Evidence |
|---|---|---|---|
| L1 No material civil fraud/misrepresentation litigation (firm, principals, affiliates) | 6 / 6 | VERIFIED (nothing found) | No federal fraud/misrepresentation suit against IPC found; reported claims target selling brokers in FINRA arbitration (not public dockets). source |
| L2 Complaint pattern reasonable (BBB, state AG, CFPB where relevant) | 2 / 4 | PARTIAL | BBB A+ profile, but multiple plaintiff-firm investor-loss investigations (e.g., Inland Self-Storage Portfolio III DST, Naperville Multifamily DST) and a reported Oct. 9, 2026 FINRA claim against a selling broker. Moderate, unresolved signal. source |
| L3 No bankruptcy/insolvency pattern among principals or affiliates | 3 / 3 | VERIFIED (nothing found) | No sponsor bankruptcy found. source |
| L4 Entities in good standing with Secretary of State; legal entity names match marketing | 0 / 2 | UNVERIFIED | Secretary of State good-standing not checked: state portals checked use CAPTCHA (e.g., SC businessfilings.sc.gov); not bypassed. Needs a manual lookup or paid registry pull. |
Transparency · 4 / 15
| Item | Points | Status | Evidence |
|---|---|---|---|
| X1 Fees and total costs published or provided in writing before commitment | 2 / 4 | PARTIAL | REIT fees in public S-11 prospectus; DST fees only in PPMs. Partial. source |
| X2 Offering documents available before commitment; Form D on EDGAR where applicable | 2 / 4 | PARTIAL | Many Form D filings for IPC DSTs on EDGAR; PPMs not public (rubric: 2). source |
| X3 Names tax counsel / opinion issuer and allows direct verification | 0 / 4 | UNVERIFIED | Tax counsel not identified publicly. |
| X4 Discloses audit/examination and claim history of prior deals | 0 / 3 | UNVERIFIED | Audit/examination and claim history of prior deals is not in public records; would need firm disclosure. |
Substance & verifiability · 5 / 11
| Item | Points | Status | Evidence |
|---|---|---|---|
| V1 Underlying assets independently verifiable (e.g., interconnection agreements, utility records, deeds, dated site evidence) | 3 / 6 | PARTIAL | Properties identified in Form D issuers/S-11; not confirmed with county records. source |
| V2 Placed-in-service / completion evidence for prior projects | n/a | Not applicable | Acquires existing operating properties. |
| V3 Appraisals by independent credentialed appraisers (not promoter-selected) | 0 / 3 | UNVERIFIED | Appraisal practice not public. |
| V4 Pre-tax economic substance: investment case exists apart from tax benefits | 2 / 2 | VERIFIED | Operating real estate with rental income (SEC filings). source |
Structure quality · 0 / 8
| Item | Points | Status | Evidence |
|---|---|---|---|
| Q1 Independent legal opinion (not solely promoter-paid boilerplate) | 0 / 4 | UNVERIFIED | Tax opinions (if any) in PPMs, not public. |
| Q2 Tax insurance verified directly with named carrier/broker (policy exists, scope understood) | n/a | Not applicable | No tax-insurance claim. |
| Q3 Fees reasonable relative to comparable offerings | 0 / 2 | UNVERIFIED | Needs a written fee comparison set of >=3 comparable offerings; not built in this initial review. |
| Q4 No guaranteed outcomes, benefit multiples or 'audit-proof' claims | 0 / 2 | UNVERIFIED | Firm website could not be fetched (connection failed); marketing claims not reviewed. |
Questions to ask this firm
- Current executive roster and CRDs.
- Status of DST performance issues cited by claimant firms.
About these scores. Scores reflect only publicly available evidence found as of the retrieval date shown, scored with the same rubric for every firm. They are not an endorsement, rating of quality, accusation or statement about any person. Items we could not check from public records earn no points and are marked Unverified; a firm can supply proof to update them. How we score · Request a correction
Complaints
0 complaints under review · 0 substantiated · 0 with a response from the firm.
Complaints are an allegation until a reviewer decides. We show only the category and status, never the complainant’s identity, the description or any documents. Private complaints are counted but not itemized. The firm can respond by claiming this listing.
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Verification and listing notice
"Verified" means our staff checked the identity, business-registration, and credential details listed against the sources named, on the date shown. It is not an endorsement, rating, or recommendation. Firm- and advisor-reported information is their own statement. Listings are alphabetical; payment never affects order, scores, or warnings.